Latest news with #ARKNextGenerationInternetETF
Yahoo
2 days ago
- Automotive
- Yahoo
Cathie Wood Is Buying Tesla Stock Here. Should You?
Tesla (TSLA) is seeing a chronic sales decline this year amidst rising competition from the likes of BYD (BYDDY), but this has not deterred influential investor Cathie Wood. The founder and chief executive of Ark Invest loaded up on nearly 60,000 TSLA shares late last week across two of her flagship funds: the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW). Palantir Just Launched Warp Speed for Warships. Does That Make PLTR Stock a Buy? This Analyst Just Doubled His Price Target on AMD Stock How High Can Nvidia Stock Go as Jensen Huang Heads to China? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. At the time of writing, Tesla stock is down more than 13% down versus its three-month high. Cathie Wood investing more than $18 million in TSLA shares last week is notably positive for investors as it signals strong conviction in the company's long-term potential. Wood is bullish on the EV stock primarily because she sees transformative potential in its robotaxi and humanoid robot initiatives. According to her, autonomous services will drive up to 90% of the automaker's future value, with software-like margins exceeding 80%. Wood even has a long-term price target of $2,600 on Tesla stock, indicating relentless confidence in its innovation pipeline, including affordable EVs and artificial intelligence enabled mobility. Despite the company's launch of robotaxi services and progress on humanoid robots, UBS analyst Joseph Spak does not share Wood's optimism on Tesla stock. On Monday, Spak reiterated his 'Sell' rating on the EV stock, citing valuation concerns. TSLA has a forward price-earnings multiple of more than 230x currently – much higher than several top AI stocks, including Nvidia (NVDA), which trades at 41x forward earnings. Additionally, the investment firm cited the 'removal of 100% margin credit revenue, and a CEO who's arguably distracted from the business,' for its bearish view on Tesla stock. UBS currently has a $215 price target on Tesla that translates to potential downside of more than 30% from current levels. Other Wall Street analysts also remain dovish on TSLA shares – especially since the EV company reported a 14% year-over-year decline in quarterly deliveries in the first week of July. The consensus rating on Tesla stock currently sits at 'Hold' only with the mean target of $297 implying 5% downside from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Insider
4 days ago
- Business
- Business Insider
Cathie Wood Pours $18.5M into Tesla Stock, Trims ACHR, Roku, and COIN Stocks
Popular investor Cathie Wood's ARK Invest made key portfolio moves on Friday, July 11, with electric vehicle giant Tesla (TSLA) leading the day's buys. At the same time, Wood continued to offload shares of electric aircraft maker Archer Aviation (ACHR), streaming platform Roku (ROKU), and cryptocurrency exchange Coinbase (COIN). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Wood Loads Up on Tesla Stock As per the daily trade disclosures, ARK added a total of 59,705 Tesla shares across its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), amounting to a hefty $18.5 million investment. The buy highlights Wood's continued conviction in Tesla as a core long-term holding, especially amid growing interest in AI-powered autonomous vehicles. In another notable buy, the ARK Autonomous Technology & Robotics ETF (ARKQ), the firm's ETF focused on autonomous tech and robotics, made a sizable addition of 425,933 shares of Aurora Innovation (AUR), valued at $2.29 million. Aurora is a key player in the self-driving technology space. Is Tesla Stock a Buy or Sell Now? Overall, Wall Street is sidelined on Tesla stock, with a Hold consensus rating based on 14 Buys, 13 Holds, and nine Sell recommendations. The average TSLA stock price target of $295.80 indicates 5.65% downside risk from current levels. ARK Trims Stakes in Archer, Roku, and Coinbase On the sell side, ARK reduced its position in electric aircraft maker Archer Aviation (ACHR), selling 168,990 shares for roughly $1.82 million from ARKK. Meanwhile, the firm continued to trim its position in Roku and Coinbase stocks. On Friday, ARK sold 42,332 shares of ROKU worth $3.82 million across ARKK and ARKW ETFs. It also trimmed its Coinbase stake once again, offloading 5,596 shares for $2.17 million through the ARKW ETF. The transaction follows a larger sale of 16,627 shares on July 10, as ARK continued to scale back its position in the cryptocurrency exchange amid recent market volatility. Wall Street's Take on ACHR, ROKU, and COIN Turning to Wall Street, Archer stock scores a Moderate Buy consensus rating, with the average ACHR stock price target of $11.75 indicating an 11.80% possible decline from current levels. Coinbase also carries a Moderate Buy rating, with analysts' average COIN stock price target of $307.71 implying a possible 20.50% decline. In contrast, Roku shares have a Moderate Buy rating as well, but with an average ROKU stock price target of $93.79 that points to a potential upside of 5.39%.
Business Insider
5 days ago
- Business
- Business Insider
Cathie Wood Pours $18.5M into Tesla Stock, Trims ACHR, Roku, and COIN Stocks, 7/12/2025
Popular investor Cathie Wood's ARK Invest made key portfolio moves on Friday, July 11, with electric vehicle giant Tesla (TSLA) leading the day's buys. At the same time, Wood continued to offload shares of electric aircraft maker Archer Aviation (ACHR), streaming platform Roku (ROKU), and cryptocurrency exchange Coinbase (COIN). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Wood Loads Up on Tesla Stock As per the daily trade disclosures, ARK added a total of 59,705 Tesla shares across its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), amounting to a hefty $18.5 million investment. The buy highlights Wood's continued conviction in Tesla as a core long-term holding, especially amid growing interest in AI-powered autonomous vehicles. In another notable buy, the ARK Autonomous Technology & Robotics ETF (ARKQ), the firm's ETF focused on autonomous tech and robotics, made a sizable addition of 425,933 shares of Aurora Innovation (AUR), valued at $2.29 million. Aurora is a key player in the self-driving technology space. Is Tesla Stock a Buy or Sell Now? Overall, Wall Street is sidelined on Tesla stock, with a Hold consensus rating based on 14 Buys, 13 Holds, and nine Sell recommendations. The average TSLA stock price target of $295.80 indicates 5.65% downside risk from current levels. ARK Trims Stakes in Archer, Roku, and Coinbase On the sell side, ARK reduced its position in electric aircraft maker Archer Aviation (ACHR), selling 168,990 shares for roughly $1.82 million from ARKK. Meanwhile, the firm continued to trim its position in Roku and Coinbase stocks. On Friday, ARK sold 42,332 shares of ROKU worth $3.82 million across ARKK and ARKW ETFs. It also trimmed its Coinbase stake once again, offloading 5,596 shares for $2.17 million through the ARKW ETF. The transaction follows a larger sale of 16,627 shares on July 10, as ARK continued to scale back its position in the cryptocurrency exchange amid recent market volatility. Wall Street's Take on ACHR, ROKU, and COIN Turning to Wall Street, Archer stock scores a Moderate Buy consensus rating, with the average ACHR stock price target of $11.75 indicating an 11.80% possible decline from current levels. Coinbase also carries a Moderate Buy rating, with analysts' average COIN stock price target of $307.71 implying a possible 20.50% decline. In contrast, Roku shares have a Moderate Buy rating as well, but with an average ROKU stock price target of $93.79 that points to a potential upside of 5.39%.
Yahoo
02-07-2025
- Automotive
- Yahoo
Cathie Wood Buys the Tesla Dip, Trims Coinbase and Roblox Stakes
July 2 - Cathie Wood's ARK Invest bought more shares of Tesla (NASDAQ:TSLA) on Tuesday, leveraging a pullback that saw the stock slide about 5% in the prior session. Across the ARK Innovation ETF and ARK Next Generation Internet ETF, the firm picked up 56,368 shares, totaling roughly $18 million. At the same time, ARK pared back its holdings in Coinbase (NASDAQ:COIN) and Roblox (NYSE:RBLX), trimming positions as Wood seeks to rebalance risk amid choppy markets. Tesla has fallen about 12% over the past month and is down more than 25% year to date, as investor concerns mount ahead of its Q2 delivery report. Meanwhile, Coinbase has underperformed amid broader crypto volatility, and Roblox faces questions over user growth and monetization. Wood's moves come amid renewed scrutiny of federal subsidies for electric?vehicle makers. President Donald Trump said he may probe billions in incentives tied to Elon Musk's companies. Analysts say the trades reflect ARK's long?term conviction in Tesla's growth potential, even as it nimble adjusts exposure to other high?beta names. With markets still digesting these shifts, investors will watch ARK's next rebalancing for further clues on Wood's strategy. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
24-06-2025
- Business
- Yahoo
ARK ETFs Surged Last Week: Here's Why
Cathie Wood's ARK innovations have again started to glow. Last week, most of ARK ETFs, including ARK Innovation ETF ARKK, ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF ARKF surged about 8%. Cathie Wood's flagship ARK Innovation ETF (ARKK) has faced challenges in recent years. After a sharp decline in 2021-2022, ARKK continued to underperform the S&P 500 in the following two years, as Wood largely missed the significant gains driven by NVIDIA NVDA and the broader artificial intelligence boom. However, since last October, and particularly from early April, Cathie Wood's stocks have surged, with ARKK reaching a three-year high. While Tesla TSLA, ARKK's largest holding and the top Cathie Wood stock across her ETFs, has struggled in 2025 overall, it has delivered strong gains in the second quarter. The standout performers among ARKK's top holdings, however, have been Palantir Technologies PLTR, Coinbase COIN and Roblox RBLX. In fact, Coinbase drove ARK ETFs' last week's performance. Let's dig deeper. Coinbase shares surged about 30% last week. Each of the above-mentioned ETFs invests about 8% of their baskets in COIN shares. Coinbase Global relies heavily on trading volumes as a core driver of revenues and a key indicator of its long-term business trajectory. This crypto leader generates the bulk of its revenues through transaction fees from both retail and institutional customers. On June 18, shares surged 16.3% after the cryptocurrency exchange Coinbase announced plans to enter the stablecoin market. This breakout pushed the stock well above a 277.01 buy point from a deep base. By the end of the week, shares had gained 29.9%. Coinbase also maintains strong ties with Circle, another prominent company backed by Cathie Wood, as quoted on Another ARK ETFs' important holding Tesla added more than 2% last week on Robotaxi launch optimism. Tesla has started testing robotaxis with passengers in Austin, TX, CEO Elon Musk said on Sunday, with customers paying a flat fee of $4.20. The electric vehicle manufacturer aims to establish a strong position in the competitive self-driving technology market. Roblox shares jumped about 8.8% last week. The stock (up 73.5%) breezed past the S&P 500 this year. Shares of the video game platform surged alongside the broader market in early April and continued to climb after the release of its Q1 earnings report in early May. Note that in early May, Roblox came up with a quarterly loss of $0.32 per share, which bettered the Zacks Consensus Estimate of a loss of $0.41. The figure was also better than the loss of $0.43 per share recorded a year ago. The company posted revenues of $1.21 billion in Q1, surpassing the Zacks Consensus Estimate by 5.35%. This compares to year-ago revenues of $923.76 million. Cathie Wood's ARK ETFs rebounded sharply last week, thanks mainly to a 30% surge in Coinbase shares following its entry into the stablecoin market. Additional boosts came from gains in key holdings like Tesla, on robotaxi optimism, and Roblox's continued winning momentum, following strong Q1 results in early May. The recent momentum in ARK ETFs signals a potential turnaround for ARK's innovation-driven strategy. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report ARK Innovation ETF (ARKK): ETF Research Reports ARK Fintech Innovation ETF (ARKF): ETF Research Reports Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report Roblox Corporation (RBLX) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
